Rocket maker Firefly Aerospace looks to raise up to $300 million -sources


FILE PHOTO: Firefly Aerospace's first Alpha rocket lifts from Vandenberg Space Force Base, California, U.S. September 2, 2021. REUTERS/Gene Blevins

(Reuters) - FireFly Aerospace, the U.S. rocket builder that reached orbit in space this month, joining the likes of SpaceX and Rocket Lab, is seeking up to $300 million in a private fundraising round, according to people familiar with the matter.

Firefly has yet to specify the valuation it is seeking, the sources said. The space company was valued at more than $1 billion when private equity firm AE Industrial Partners became its controlling shareholder in March.

Subscribe or renew your subscriptions to win prizes worth up to RM68,000!

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

   

Next In Tech News

US sanctions Chinese firm over potentially deadly ransomware attack
Google parent Alphabet jumps on quantum chip breakthrough
Super Micro CEO confident stock will not be delisted
STMicro launches 'edge' AI microcontroller
US finalizes $6.1 billion Micron chip-making subsidy
Google invests in Intersect Power in over $800 million funding round amid AI race
Factbox-US finalizes more than $6.1 billion funding for Micron under CHIPS Act
Synopsys offers remedies to address EU concerns over Ansys deal
ServiceTitan seeks up to $5.95 billion valuation in its US IPO
MyDigital ID says it enforced yearly renewals due to cybersecurity�concerns

Others Also Read